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<br />90--- 106631
<br />UNiFORM COVENANTS. Borrower and Lsndar covenant and agree as follows:
<br />1. Payment of Principal and interest; Prepayment and tart* Charg*a. Borrower shag prompt pay wlaln We the
<br />principal of and interest on the debt evldenced by the Note and any prepayment and late charges cafe under the Note.
<br />2. Funds for Taxes and Insurance. Slibjeot to applicable law or to a written waker by lender, Borrower shall pay to lender
<br />on the day monthly payments we due under the Note, until the Note is paid In full, a sum (funds') aqua) to one•twelith or (a) yary
<br />taxes and assessments which may attain priority over this Security Instrument: (b) yearly Wasehokl payments or ground rents, on the
<br />property. N any;(c) yearly hazard Insurance premiums. and (d) yaarty mortgage Insurance premium, it any. These items are Wend "escrow
<br />Items." Under may estimate the Fun& due on the basis of current data and reasonable estimates of future escrow items,
<br />The Funds shall be hall In an institution the deposits or accounts of which are Insured or guaranteed by a federal or state agency
<br />(inrJudng Lou* B Lender is such an intiftition). lender shall apply the Funds to pay the escrow Items. Lender may not charge for holding
<br />and applying the Funds. anatyting the account or varitying this escrow Roma, unless Lender pays Borrower Interest on the Funds and
<br />applicable law pem9ts Lender to make such a charge. A charge assessed by Lender in connection with Borrower's entering Into this Security
<br />Instrument to pay the cost of an Independent tax reporting service shall not be a charge for purposes of the preceding sentence.
<br />Borrower and Lender may &gins In writing that Interest shall be paid on the Funds. Unless an agreement Is made or applicable law requires
<br />Interest to be paid. Lender shall not be requlrW to pay Borrower any Interest or eamings on the Funds. Lender shall give to Borrower,
<br />without charge, an annual accounting at thel l=gitrds showing credits mid debits to the Furrds and iho purpozo for which each debit to
<br />the rivadst was made. The Funds are tdt-e:r cy, es ardditional secun y for the sums secured by We Security Instrument.
<br />It tf a amount of the Funds hold ly: Llsn3ar., +rzga'd'+ei with the fugue monthly payments of Furrcfs payable prior to the due dates of the
<br />a ", tens, shall exceed the arw%mt- I'd. inx the escrow items when due, the excess shall be. at Borrower's option, either
<br />ip= SV* repaid to Borrower or credhedi Ta .Bon -4war 'era monthly payments of Funds. If the amount of the Funds held by Lender Is not
<br />sdecterit i* pay the escrow Rams wNern duq, eoln, k r shah pay to Lender any amount nwK)6ssaiy to make up the deHeleea.q Ice one or
<br />Ire om ipa", ants as required by Lentfier.
<br />Rtpats , symeni tits MA at all sums sectired by this Security Instrument, Lender shat pforvvtl •+Ttund to Borrower any Pj.y.y is iaeld by
<br />!Lxrrier. F under paragr . 19 the Properly Is soo w acquired by Lender, lender, 3, 4 Tr-, 3ater than rtrmnedlarteV prior Pro 41te sate•
<br />Vf tlha tPrrperty or its mcquisfdon by Lender. any ,Funds held by Lender at the ttme •cii aQi;>I' mior.7+, as a credit aptint' the suns seau�. ire
<br />.�� S2�ctrrrSp InsWmant. .
<br />3. P;iprication of Payments. UlAess applicable law p7ovrdas otherwise, as payssnetnis 7ecetved by Lender under par GVtj I
<br />and a stnallt be applied: lint, to late charges
<br />due finder the Nole: second, to prea�ment charges due under the Nate. thkd5 to ra "aunts
<br />payable under paragmp h 2; fourth, to interest due; and 'list, to principal due.
<br />4. Charges; WItlt'8, Borrower shall pay all faxes, assessments, charges, Bras and impositions attributable to the Property which
<br />may attshr, Griority o><tar :fhb Secur{gr,'irrst:ument, and leasehold pac� or ground rents. R any. Borrower shag pay these obligations in
<br />the mamrrer pravtded tae iparaqW, 2. ar'd riot paid in that manner. Sarmwer shall pay them on time directly to the person a*�e6 payment.
<br />Borroe er n'rax• pr'saaptlg tumish vin lender all notices of amounts 13 to paid under this paragraph. If Borrower makes these payments
<br />directly:: Berrower shall lromptly fumisli to Lender receipts evidencing the payment;5.
<br />Borrower shah promptly discharge any ten which has priority over this Secw:&y Instrument unless Borrower. (a) agrees in writing to
<br />the payment of the obligation secured by the ten In a manner acceptable to tender, (b) contests in good faith the Hen by, or defends
<br />against enforcement of the ten In, "et proceedings which in the Umder's opinion operate to prevent the enforcement of the Hen or
<br />forfeiture of any pan of the Propertra.' ;„I secures from the holder $ the lien an agreement satisfactory to Lender subordinalerg the Hen to
<br />this Security_ Instrument. R Lender determines that any part of the Property is subject to a Hen which may attain priority over this Security
<br />Instrument. Lender may give Borrower a notice identifying the Ben. Borrower shall satisfy the lien or take one or more of the actions set
<br />forth above within 10 days of the giving of notice.
<br />5. Hazard Insurance. Borrower shag keep the Improvements now existing or hereafter erected on the Property krawred against
<br />loss by fee, hazards included within the tern "extended coverage' and any other hazards loin which Lender requires insr».xe. This
<br />Insurance shall be mahtalned In the amounts and for the periods trhzt Lewder requires. The ittsumnza carrier providing the ItrsuW,. -(; shall
<br />be chosen by Borraaver subject to Lender's approval which shall not L-e wrceasaralsitt withheld-
<br />AN insurance poides and renewals shag be acceptable to Lender. mid small icrdude a sue: d macrtgage clause. I:endw si;taq 'have the
<br />tight to hold the policies and renewals. If Lender requires. Bo7ramw shag promptly give to Under all receipts - ge.pa�ld frnriums and
<br />renewal notices. In the event of loss. Borrower stall give prompt net.ze I* the Insurance carrier and Lender.Lender may make+isna:;. of loss
<br />if not made promptly by Borrower.
<br />Unless Lender and Borrower otherwise agree In writing, insurance proceeds shall be applied to restoration or repair of the Properly
<br />damaged, R the restoration or repair Is economically feasible and Lender's security Is not lessened. R the restoration or repair Is not
<br />economically feasible or Lender's security would be lessened, the rarsurmice proceeds shall be applied to the sums secured by this Security
<br />Instrume& whether or not then due. with any excess paid to Borrarver. If Borrower abandons the Property, or does not answw,'wilhln 30
<br />days a u~,,; rmm 6oeAN that the Insurance carrier has offered to sojle a claim. then Lender may tolled the insurance procee.S. Lender
<br />may use the procceedt imiiepair or restore the Property or to pay stars vi=and Isjr!his Security Instrument, whether or not then due. The
<br />30-day period will begicr. when the notice is given.
<br />Unless Lender and Borrower othwMse agree in writing, any applim.%on of proceeds to principal shall not extend or postpone the due
<br />date of the monthly payments refier(,d C* in paragraphs 1 and 2 or dttioge the amount of the payments. If under paragraph, iii the Property
<br />Is acquired by Lender. Borrower's right to any insurance policies and proceeds resulting from damage to the Propedy r,�'ur: tit the acquisition
<br />shall pass to Lender to the extent of the sums by this Security Instrument immediately prior to the acquisition_
<br />6. Preservation and Maintenance of Property, Leaseholds. Borrower stall not destroy, damage- rr, suissrentialy change
<br />the Pm eery. allow the Property to deteriorate or commit waste. if this Security Instrument Is on a Leasehold. Gta *T, diem comply with
<br />the p(uvis,ions of the lease, and if Borrower acquires fee titl'a to ilia Property, the leasehold and fee title shall not merge until the Lender
<br />agrees to the merger in writing.
<br />7. Protection of Lender's Rights in the Property: Mortgage Insurance. if Borrower fails to perform the covenants
<br />and agreements contained in this Security Instrument, or there Is a legal proceeding that may significantly affect Lender's fights in the
<br />Property (such as a proceeding in bankruptcy, probate, for condemnation or to enforce laws or regulations), then Lender may do and pay for
<br />whatever is necessary, to protect the value of the Property and Lender's rights in the Property. Lender's actions may Include paying any
<br />sums secured by a lien which has priority over this Security Instrument. appearing in court. paying reasonable attorneys' fees and entering
<br />on the Property to make repairs. Although Lender may take action under paragraph 7. Lender does not have to do so.
<br />Any amounts disbursed by Lender under paragraph 7 shall become additional debt of Borrower secured by this Security Instrument.
<br />Unless Borrower and Lender agree to other terns of payment, these amounts shall bear interest from the date of disbursement at the Note
<br />rate and shag be payable, with interest, upon notice from Lender to Borrower requesting payment.
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